PM directs for early completion of Islamabad Technology Park
Science & Technology

PM directs for early completion of Islamabad Technology Park

Technology tamfitronics ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Saturday directed the project team of Islamabad Technology Park and the Information Technology Ministry to complete the project within current calendar year instead of the scheduled completion date of June 2025.The prime minister, during his visit to the under-construction site of the country’s largest Islamabad Technology Park, said that the project was launched in 2022 during the coalition government of Pakistan Democratic Movement (PDM) and the contract was awarded to a South Korean company.He said the project was being completed at a cost of Rs 25 billion out of which $70 million (soft loan) was being provided by the South Korean government.“Soon after taking charge of my office, I issued directions to continue work on the project round the clock,” he said adding that he as...
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Politics

CBN directs banks to suspend cash deposit fees till September

Politics tamfitronics The Central Monetary institution of Nigeria (CBN) hasissued a directive tobanks to surrender charging processing fees on cash deposits till September 30, 2024.The resolution, communicated thru a circular dated Would perhaps well additionally 6, 2024, and signed by the Director of Banking Supervision, Adetona Adedeji, comes in step with concerns raised by financial institution customers referring to basically the most modern imposition of processing fees on cash deposits.Previously, banks had begun imposing a two per cent payment on cash deposits exceeding N500,000 for folk and a two per cent payment on deposits above N3 million for corporate yarn holders.Nonetheless, following basically the most modern directive from the CBN, these processing fees gain been suspended.Within the circular addressed to financialestablishmentsand non-financial establishments, the CBN referenced a earlier letter dated December 11, 2023, which suspended...
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